Full-stack nutrition brand Wellversed announced that it has raised an undisclosed amount in its Pre-Series A funding round led by cricketer and serial entrepreneur, Yuvraj Singh. The investment takes the two and half year startup towards a valuation of 100cr.
Huddle, one of India's leading sector agnostic incubator and accelerator incubated Gurguram-based Wellversed, since their early days, also investing in the startups angel round in 2018. The accelerators have seen other successful startups, like, Hapramp, The New Shop, Cell Propulsion, Trillbit, F5, The Healthy Company, as part of their portfolio, in which Wellversed is a key part of.
Co-partners Ishaan Khosla and Sanil Sachar, stated, “The future of food is going to be through full-stack nutrition backed by health transformation plans. The team has been clear since day one of building a brand that allows people to stay healthy without changing their lifestyle. To have investors like Yuvraj Singh, who is a serial entrepreneur and guide in industries he's focussed on, as part of the team is a testament of the positive impact Wellversed is accelerating towards."
Huddle with its role as accelerator and further on an investor, guided the team through their early days in building different categories of intent focussed food - it started with Keto based products and has gone onto Wellversed range products across categories. Huddle has been supporting them in their marketing and distribution plans and has also helped the brand in identifying core customer targets.
Huddle in the initial phase helped the brand in raising capital, where they invested in the angel round as well. As an incubator and accelerator, Huddle has been seen as support with its mentorship helping in brand building and brand positioning along with supporting companies in hiring and team management through their growth.